The views on here just keep going round and round. Yes Ryanair can fly you for almost no money. Yes they allow lots more people to fly, yes I do fly with them.
I think the problem is that they are led by a man who has frankly behaved appalingly. You can be an entrepaneurs like Stelios, Branson or Laker without having quite so many people hate you.
I like hubris. MOL knows whats coming. He's overstayed his welcome and he IS the story and by God he's looking old. His mature markets ( DUB and the UK ) which used to drive revenue are stagnant so he has to get into new ones. Hence the drive east and from the UK into the old IT market. Will it make money? Maybe. In the deepest recession in modern history? That would be an achievement.... With so many new B737s on order and the resale market flat?
I'm going to say no.
Hubris. Google it. Go on.